Stimulus checks scrambling many tax returns

Full Story At msnbc.com

Nearly 1 of every 6 tax returns filed so far includes errors in reporting last year’s federal stimulus payments, the Internal Revenue Service said, blaming confusion among professional tax preparers and early releases of tax software.

The government sent nearly 119 million checks of $300 to $1,200 last year as a way to boost spending and kick-start the economy. Those payments aren’t taxable, the IRS said.

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